Federal Lawmakers Propose Credit Reporting Changes

TODAY: July 28, 2015 PUB DATE: July 28, 2015

WASHINGTON?A group of Democratic lawmakers is proposing a bill that would make it easier for people who got rid of credit-card debt using bankruptcy to fix inaccurate credit reports that don't reflect they have earned a clean financial slate. U.S. ...

Federal Lawmakers Propose Credit Reporting Changes

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Katy Stech WASHINGTON--A group of Democratic lawmakers is proposing a bill that would make it easier for people who got rid of credit-card debt using bankruptcy to fix inaccurate credit reports that don't reflect they have earned a clean ...

Hartford Financial Core Earnings Jump

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Hartford Financial Services Group Inc. said its second-quarter core earnings more than doubled, rising well above analysts' estimates, helped by improved underwriting results. The company also announced plans to boost its dividend and increase stock buyback and debt repayments. The ...

Melrose Sells Elster to Honeywell for $5.1 Billion

TODAY: July 28, 2015 PUB DATE: July 28, 2015

LONDON?Manufacturing group Melrose Industries PLC said Tuesday it has agreed to sell its German-based energy and water business, Elster Group GmbH, to Honeywell International Inc. for £ 3.3 billion ($5.1 billion) in cash. Melrose intends to use the proceeds to ...

Zurich Insurance May Seek to Buy U.K. Insurer RSA

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Neil MacLucas ZURICH--Zurich Insurance Group AG said Tuesday it is considering a potential offer for the U.K. insurer RSA Insurance Group PLC. The Swiss insurer said that it is responding to media speculation about a bid for its U.K. ...

Smaller Chinese Cities Miss Housing Recovery

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Esther Fung CHANGCHUN, China--The name of this city in northeastern China means eternal spring, a misnomer for a place where winter temperatures can reach as low as -30 degrees Celsius (-22 Fahrenheit). But while the housing markets in some ...

GKN Raises Aerospace Stakes with Fokker Buy--Update

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Robert Wall LONDON-- GKN PLC has agreed to buy the Netherland's historic Fokker Technologies Group BV as the British engineering company deepens its bet on the aerospace sector. The British supplier of plane parts to Boeing Co. and Airbus ...

Diageo Terminates Heineken Partnership in South Africa

TODAY: July 28, 2015 PUB DATE: July 28, 2015

LONDON?Diageo PLC said it would terminate its partnership with Heineken NV in South Africa, as the world's largest spirits maker moves to wield more control over an increasingly important market. The London-headquartered maker of Smirnoff vodka and Johnnie Walker whiskey ...

Stocks Steady as China Bounces Back -- Update

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Tommy Stubbington Global stock markets steadied on Tuesday after heavy declines, as Chinese shares bounced back from their lows in another roller coaster session. In Europe, the Stoxx Europe 600 was up 0.8% midmorning. The index had fallen 2.2% ...

S&P 500, Nasdaq Futures -- Technical Analysis

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Chicago Mercantile Exchange September S&P; 500 Futures 2125.20 -- lifetime high 2121.30 -- previous month's high 2117.53 -- second pivot point resistance 2102.74 -- 9-day moving average 2097.57 -- first pivot point resistance 2087.13 -- 4-day moving average 2086.03 -- ...

Home Price Growth Remains Solid in May, Says Case Shiller

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Laura Kusisto Home prices made solid gains in May, according to a report released Tuesday, as the housing market increasingly appears to be regaining strength after a long, uneven recovery. The S&P;/Case-Shiller Home Price Index, covering the entire nation, ...

U.S. Consumer Confidence Falls

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Consumers unexpectedly took a dimmer view of the U.S. economy this month. Householders were especially less optimistic about current and future job growth. The Conference Board, a private research group, said Tuesday that its index of consumer confidence plunged to ...

Cummins Profit Tops Expectations

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Engine manufacturer Cummins Inc. said second-quarter profit rose 5.6% as demand in North American markets and the benefit of acquisitions offset weakness in Brazil and other foreign markets. Shares, which have declined nearly 10% in the past three months, rose ...

Supervalu to Consider Spinoff of Save-A-Lot

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Angela Chen Supervalu Inc. said Tuesday that it is considering spinning off its Save-A-Lot chain to better focus on its other segments, as the discount chain reported better-than-expected results for the June quarter. Shares of Supervalu, which had fallen ...

AIG to Buy First Principles, Names New Investment Chief

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Chelsey Dulaney and Leslie Scism American International Group Inc. said Tuesday that it is buying First Principles Capital Management LLC and tapped the private-investment management firm's top executive as its new investment chief. First Principles CEO Douglas A. Dachille ...

NantKwest Shares Pop in First-Day Trading

TODAY: July 28, 2015 PUB DATE: July 28, 2015

NantKwest Inc. shares opened at $37 in their trading debut, 48% above their initial public offering price. The early-stage immunotherapy biotech company raised about $207 million by selling 8.3 million shares at $25 each late Monday, a total that doesn't ...

MARKET SNAPSHOT: U.S. Stocks Rebound After 5-day Slump

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Anora Mahmudova and Sara Sjolin, MarketWatch Dow jumps triple digits;Consumer-confidence index drops in July U.S. stocks looked set to break the five-day losing streak Tuesday, as investors looked past softer economic reports and a continued rout in China's stock ...

Oil Prices Turn Positive

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Nicole Friedman NEW YORK--Oil prices turned positive Tuesday, after falling to multi-month intraday lows, ahead of weekly U.S. inventory data. Both Brent, the global benchmark, and the U.S. oil benchmark recently entered bear markets--defined as a 20% drop from ...